Continuous Transaction Controls (CTC)
A regulatory model where invoice data is checked or reported in near real-time to tax authorities.
What It Means
CTC regimes require tighter submission timing and validation rigor than traditional periodic reporting, with stronger digital traceability.
Why It Matters
Businesses need reliable automation and monitoring to avoid rejection, delay penalties, and audit friction.
Related Terms
FIRS Validation
Rule checks that confirm invoice payloads meet required schema and compliance constraints before acceptance.
Invoice Reference Number (IRN)
A unique identifier generated for each compliant e-invoice submission.
Access Point Provider (APP)
A certified network provider that transmits compliant documents to the required exchange rails.
FAQ
How does CTC differ from monthly VAT filing?
Monthly filing is periodic tax reporting. CTC focuses on transaction-level controls closer to invoice issuance and transmission.
What is the main operational impact of CTC?
Data quality and submission timing become day-to-day operational requirements, not just end-of-month accounting activities.